Cross-chain DEX aggregator SilentSwap is all set to make its entry into the crypto space with its more efficient and cost-effective asset-swapping capabilities.
When using SilentSwap, you not only enjoy accessibility but also make cross-chain swaps privately. There is no traceable connection between wallets when using this platform, which is currently open for early access.
This is of importance because as cryptocurrency mania takes over the world and digital currency adoption goes mainstream, there’s a need for a solution that offers ease-of-use without compromising security. SilentSwap has been built to fulfill that demand and more.
“We are pleased to finally announce this launch, and we are especially glad to be able to offer non-custodial, trustless, and decentralized solutions that safeguard user privacy and enhance security. -forward features to the DeFi space,” said SilentSwap CEO and founder Shibtoshi.
Recently, Shibtoshi created a lot of buzz when he attended the star-studded Bitcoin 2024 Nashville conference, where former President Donald Trump promised to make the US “the crypto capital of the planet.”
The sole masked figure at the event, Shibtoshi, was seen shaking hands with former Republican presidential candidate Vivek Ramaswamy and was escorted into Trump’s keynote address by the Secret Service itself.
A certified crypto billionaire and an avid crypto supporter, Shibtoshi has built a reputation for his relentless work ethic and unwavering commitment to creating lasting legacies through his many projects.
A Self-sustaining Ecosystem of Utility
A product of SquidGrow, SilentSwap is a privacy-focused cross-chain aggregator that aims to provide non-custodial, trustless, and decentralized solutions that safeguard user privacy and enhance security.
Both SquidGrow, a utility meme token, and SilentSwap are the brainchild of Shibtoshi, a distinguished figure in the crypto world known for his early support of Bitcoin and as one of the top Shiba Inu whales. After discovering crypto more than a decade ago through online poker games, Shibtoshi was captivated by the idea of financial privacy and asset ownership.
Driven by these ideas and equipped with extensive crypto experience, Shibtoshi went on to launch his very own crypto project.
SquidGrow was stealth-launched on BSC Chain in the summer of 2022 with a market cap of $25K, and within months, the project grew to $52 mln. Today, this multi-chain project boasts 500K+ transactions and 23K holders. A few months ago, SquidGrow joined the popular Consensus 2024 as a lead sponsor to the world’s premier full-contact striking league, Karate Combat’s KC 46 event.
While the project started as a meme utility token, it has since become a self-sustaining ecosystem. Throughout the bear market, the project focused on building utilities and underwent a dozen of security audits to offer the community a safer crypto experience.
These products include DEX SG Trade, SG Swap, SG Bridge, NFT marketplace Inkubate, and vesting platform Knox Locker. Now, the upcoming launch of SilentSwap will add yet another product to this growing list, further expanding the SquidGrow ecosystem.
Complete Privacy and Fund Ownership
SilentSwap places a special emphasis on privacy and safety, which are critical needs in today’s world. According to Shibtoshi, “If there’s a void in the space in a particular area, how do you fill that void? You build it that way.”
With that philosophy in mind, SilentSwap is set to launch in partnership with Secret Network, the first protocol to offer private smart contracts on the mainnet. Currently, the network is home to over 30 dApps and more than 100 builders.
Secret Network’s mission is to bring privacy to blockchain technology with its scalable, permissionless smart contracts designed with default privacy. SilentSwap serves as the official DEX aggregator of Secret Network, utilizing its technology to offer users privacy when swapping assets cross-chain.
Before even its launch, SilentSwap has attracted more than 18,000 submissions for early access, underscoring the strong demand for privacy-first solutions. Recently, SilentSwap also partnered with the Web3 Neobank Zeebu to drive innovation.
With the help of Secret Network, SilentSwap introduces unparalleled privacy to the DeFi space, addressing the growing concerns about privacy and security in the ecosystem. SilentSwap enables users to execute cross-chain transactions while maintaining complete confidentiality—an essential feature that has long been missing in DeFi.
According to Shibotshi, “user data will be protected at every stage of the transaction process, reinforcing both security and trust through a non-custodial approach.”
As a non-custodial platform, SilentSwap never takes possession of user funds, ensuring that users retain full control over their assets at all times. This approach aligns with the core principles of crypto by maintaining trust and security without any central authority holding user funds.
Additionally, SilentSwap’s decentralized architecture eliminates single points of failure, further enhancing overall security.
Source: https://www.cryptopolitan.com/silentswap-launch-set-to-redefine-defi-with-unmatched-privacy-and-security/